Minn. Stat. § 581.05
Purchase by Mortgagee
Minnesota · Minnesota Statutes Chapter 581 — Mortgages; Foreclosure by Action · Status: effective
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- Citation
- Minn. Stat. § 581.05, Purchase by Mortgagee, Minnesota, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1742575
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Full text
The mortgagee, or any one claiming under the mortgagee, may fairly and in good faith bid off the premises at such sale; and in such case the statement of such fact in the report of sale shall have the same effect as a receipt for money paid upon a sale for cash.